Why Isn’t Anyone Talking About The Government’s Conflict Of Interest On Toyota?
The Toyota recalls are making national news, and rightfully so I guess. Though it seems to me as though the coverage is getting a bit sensational.
Regardless, what is interesting is that the government has a role in regulating Toyota. Investigating Toyota. Ordering Toyota’s recalls. That’s authority the federal government has always had, but what’s different these days is that only does the federal government have the power to tax, regulate, investigate, etc. car companies like Toyota. The federal government also owns two car companies.
Which sets up quite a conflict of interest, no? After all, we don’t put Google in charge of regulating Yahoo. We don’t put Microsoft in charge of taxing Apple. We wouldn’t let McDonald’s head up an investigation into bad hamburgers at Burger King.
But now we’ve got the owner of General Motors and Chrysler also in charge of investigating, regulating, etc. Toyota. One of GM and Chrysler’s biggest competitors.
This, in a nutshell, is why the government isn’t supposed to own companies.



